# Shares of Qualcomm, Intel and Advanced Micro Devices fell after Nvidia said it was entering the personal-computing market.

*semiconductor · news · 2026-06-01 · MarketScreener*

## Key points

- Nvidia has entered the personal-computing market, directly challenging Qualcomm, Intel, and AMD.
- Nvidia unveiled personal laptops specifically designed for AI agents using new versions of its AI chips.
- Nvidia's new AI-powered PCs will launch with initial manufacturing partners including Dell, Lenovo, and Microsoft.
- Qualcomm's stock dropped 9.5% after Nvidia’s announcement, signaling significant market impact.

By Connor Hart Shares of Qualcomm, Intel and Advanced Micro Devices fell after Nvidia said it was entering the personal-computing market, encroaching on their market share. Qualcomm's stock slid 9.5%, to $227.20, in premarket trading Monday. Shares of Intel and AMD were down 5.7% to $108.19, and 3.5% to $497.91, respectively. The declines came after Nvidia unveiled the first personal laptop computers designed for running artificial-intelligence agents, which use a newly designed version of the company's signature AI chips. The new PCs will be as slim as 14 millimeters, with the lightest weighing less than 3 pounds. To start, Nvidia will work with six manufacturers--Dell Technologies, Lenovo Group, Microsoft, HP, Asus and MSI--to build the laptops. PCs that use the chip will be "targeted at creators, AI developers and gamers" and priced at the premium end of the market, Mark Aevermann, Nvidia's senior director of product development, told The Wall Street Journal. Write to Connor Hart at connor.hart@wsj.com (END) Dow Jones Newswires 06-01-26 0841ET

**Companies:** Nvidia, Qualcomm, Intel, Advanced Micro Devices, Dell Technologies, Lenovo Group, Microsoft, HP, Asus, MSI
**Countries:** United States, China

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